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Pages:
7 pages/≈1925 words
Sources:
8 Sources
Style:
MLA
Subject:
Communications & Media
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 33.26
Topic:

The Unregulated Nature of the Art Market and Its Potential Impact on the Economy

Research Paper Instructions:

A research essay in this context will bring together multiple sources that address a common theme (or set of themes) relevant to the film, and the thesis you want to support, based in the research you have done for your annotated bibliography and the knowledge you have built throughout the term. The thesis will draw on this research, demonstrating how it has shaped your understanding of themes and issues related to The Lost Leonardo. What do you want readers to understand about this film, the history or ideas it portrays/represents, and what scholars have had to say about these? What kind of thesis – about this specific film, about scholarship about film more generally, and/or about the issues raised in the film – can you build, based on the secondary sources you have reviewed for your annotated bibliography?


You do have some freedom in terms of how you approach this assignment. Usually, in ACMB01, a live art exhibition or theatrical performance is the core object of engagement in the research essay. This is not possible in the same ways this term, so we are using a documentary film as our media object, instead. You can certainly make The Lost Leonardo the centerpiece of your essay, to which you apply insights collected from your scholarly research in the annotated bibliography. If you would prefer to focus on developing the issues you discovered in the annotated bibliography more deeply, the film can act more as one example or point of reference among others. The film should remain an important inspiration for your work, but you may use it either as an object to which you apply analysis or as one example of a media object that represents issues found in your research. Further details on possible topics and approach are provided in the annotated bibliography assignment guide


Length: 1700-2000 words, including a separate Works Cited page. Do not include a title page, as MLA formatting does not call for one. (But do give your essay a unique title that reflects its content and engages the reader).


Sources: Your research essay should bring together no fewer than 7 scholarly sources, as well as the film itself, for a total of 8 minimum sources. (There is no maximum number of sources, though it would be very rare for a project of this length to exceed 10-12 scholarly sources). Many of the sources used in the research essay should carry over from your annotated bibliography. Note that there are fewer sources “required” for the research essay than there were for the annotated bibliography, and there is reasoning behind this: As you move into the process of writing and refining your thesis and argumentation, you may find that a few sources are not as useful as you initially thought they would be. This is natural and simply part of the process of research and writing – sometimes, you get rid of a few sources; sometimes, you add a few sources. You need to see where the essay takes you and what you need to support your ideas rather than cramming in a less-relevant source simply because it was in the annotated bibliography. Just as every word, sentence, and paragraph in your research essay should serve a particular purpose, so should every secondary source.


Format and Citation: Your essay must follow MLA 8 guidelines for both citation and page layout (formatting). Incorrect formatting and/or citation will result in a deduction of up to one full letter grade. A complete resource for MLA 8 essay formatting and citation is available here: https://owl.english.purdue.edu/owl/resource/747/01/


Specific discussion of citing a film can be found within that resource, here: https://owl.purdue.edu/owl/research_and_citation/mla_style/mla_formatting_and_style_guide/mla_works_cited_other_common_sources.html 

Research Paper Sample Content Preview:
Name
Prof
Course
Date
The Unregulated Nature of the Art Market and Its Potential Impact on the Economy
Introduction
When of the most defining quotes from The Lost Leonardo documentary is that after drugs and prostitution, the art business is the most unregulated in the world (Koefoed). This quote not only summarizes the secrecy of the art market but also provides a conclusive synopsis of what the documentary is all about. The unregulated nature of the art market and its potential to move money without taxes makes it an invaluable destination for wealthy and powerful individuals to hide money. The purpose of regulating any business or sector is so that people involved can conduct their affairs within the legal market. However, while there have extensive efforts to regulate the art market, the story told in the documentary and others unheard of highlights the extent to which the market is porous and to which people involved will remain silent as long as there is money to be made. The porosity of the market allows people to transfer money or wealth without paying taxes (Baranello). More importantly, the secrecy in the market makes it challenging to define people who have stakes in it. This means issues like money laundering or funding of terror activities can pass unnoticed. Thus, the current paper builds on the theme of the unregulated nature of the art market from the documentary and builds it to call for practical and actionable regulations.
Summary of The Lost Leonardo
The Lost Leonardo documents the inside story of the painting that seduced and shocked the world in equal measure. It follows the mysterious appearance of a supposed Salvatore Mundi painting. The Salvatore Mundi is believed to be the lost among the few documented and highly valued artworks by the great Leonardo Da Vinci. Since it mysteriously appeared in Illinois, its value increased drastically, starting with $1,175 in 2005, $83 million, and $127 million in 2013, to $450 million in 2017 (Koefoed). While this increase in value is something to amaze it, underneath the surface is a concerted effort by various stakeholders focused on making money. There is the role of experts who fail to authenticate the painting, the role of the media in creating hype around the painting, the curators who appraised the painting and gave it a global significance, the regulatory agencies that failed to detect anything wrong, and buyers and sellers who are hidden behind the protection of the free port system. Driving these stakeholders the forces of power, politics, and greed. In other words, the documentary reveals a watershed moment in the history of financial dealings in the art business.
The theme of Unregulated Market
Some of the subthemes that appear in the documentary include the inability to tell who is buying a painting, the role of the free port, the inability to authenticate a painting, greed, and the silence of those who know something is wrong but do not speak up.
One of the significant problems in the supposed Salvatore Mundi painting was the lack of evidence of its origin. There was no complete provenance record, and ownership information was murky (Koefoed). Experts who looked at it appear to be confused about its authenticity, and it appears as tho...
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